Personal Finance

Home Buyer's Plan and Pension contributions count as repayment?

  • Last Updated:
  • Feb 24th, 2020 11:33 am
Deal Addict
Aug 19, 2002
3680 posts
1729 upvotes

Home Buyer's Plan and Pension contributions count as repayment?

I took out money last year for the HBP. Throughout the year, I have a certain amount of my paycheque withdrawn for pension contributions. Since the pension contributions use up RRSP contribution room, can I count it towards repayment of my HBP?
1 reply
Deal Addict
Jul 14, 2006
2732 posts
3964 upvotes
No, you can not. Repayments must go to an RRSP.

Top

Thread Information

There is currently 1 user viewing this thread. (0 members and 1 guest)